I prefer dirt myself.,  Though we have some rentals.

Be sure to talk to them about 3% down conventional loans, because FHA loans are notoriously difficult, and sellers will prefer a conventional over an FHA, because the FHA appraisal requires the seller to fix little things like peeling paint, broken window panes, loose handrails, etc. while conventionals typically do not.Some borrowers are approved for a higher loan amount through FHA than conventional, but I believe the MIP is generally higher.Also, this is something your agent should be helping you with.

I’d prefer not to be in the C-D type neighborhoods right out of the gate.

With regards to rental or flips, which do you prefer to use?

It’s a strange experience starting from scratch on credit in US considering I have had perfect credit in Europe but this simply comes with time , good financial choices and financial activity in the US.

My personal preference would be to form an LP. 

I was looking for a house, but came across a fourrplex being advertised at $109,000.  They are town house style apartments with 2bdrooms and 1.5 bath.  I will live in one of them and get FHA loan.Is there a formula or...

Your choices are either to lower your price by $200/mo, or invest $10,000-$15,000 into it to bring it to 2018 and then increase rent by $200/mo.

You can do as many direct rollovers in a year as you want, so these are generally preferable.

Ask a local insurance agent, preferably the one that works with investors.2.